if anybody is familiar with this basic investment concept. Now my question is what's your stop loss? You're holding BTCs because you either bought them or mined them. Either way, do you set any stop loss?

No idea... trying to "name the correct price" on something so new, revolutionary, volatile, and downright crazy is a fool's errand. Or in other words, target price is between $0.10 and $10,000 per coin. SO many variables, and the timeframe for every variable is also a variable.

I'm buying them because I believe in the concept, and in the market need for frictionless free-market money. I have no idea what the right price is, but I know these are wildly valuable to humanity - we'll see if humanity recognizes this =)

I have my belief in BTC myself but I'm not going to argue against the market (well, if the market crashed due to some hacking, that's a different story). While I'm typing, the price continues to fall. Too bad it'll take some a couple of hours for my funds to be transferred.

No idea... trying to "name the correct price" on something so new, revolutionary, volatile, and downright crazy is a fool's errand. Or in other words, target price is between $0.10 and $10,000 per coin. SO many variables, and the timeframe for every variable is also a variable.

I'm buying them because I believe in the concept, and in the market need for frictionless free-market money. I have no idea what the right price is, but I know these are wildly valuable to humanity - we'll see if humanity recognizes this =)

if anybody is familiar with this basic investment concept. Now my question is what's your stop loss? You're holding BTCs because you either bought them or mined them. Either way, do you set any stop loss?

For me, I'll probably sell all my BTCs if the price goes below $10.

I think you have this backwards. You're supposed to buy when it's low, and sell when it's high.

if anybody is familiar with this basic investment concept. Now my question is what's your stop loss? You're holding BTCs because you either bought them or mined them. Either way, do you set any stop loss?

For me, I'll probably sell all my BTCs if the price goes below $10.

I think you have this backwards. You're supposed to buy when it's low, and sell when it's high.

I don't buy them back, never. I just mine them. My question is always whether I should hold on to the coins I mined because they have the potential to go to $100, or whether I should sell them before they go to $0.

I don't buy them back, never. I just mine them. My question is always whether I should hold on to the coins I mined because they have the potential to go to $100, or whether I should sell them before they go to $0.

If you're just mining, and not speculating at all, then just sell them as you get them.

I don't buy them back, never. I just mine them. My question is always whether I should hold on to the coins I mined because they have the potential to go to $100, or whether I should sell them before they go to $0.

If you're just mining, and not speculating at all, then just sell them as you get them.

Impossible for small miners. Say you are selling 5 BTC at $70 bucks and want a wire transfer.You go on tradehill, pay fees just to sell the coins, then pay a $45 withdrawal fee to actually get the cash out.

You end up getting 25 bucks for 5 BTC, or $5 each. Maybe even less if your bank has fees for receiving wires, or ATM withdrawals etc., making your mining efforts essentially worthless.

I don't buy them back, never. I just mine them. My question is always whether I should hold on to the coins I mined because they have the potential to go to $100, or whether I should sell them before they go to $0.

If you're just mining, and not speculating at all, then just sell them as you get them.

Impossible for small miners. Say you are selling 5 BTC at $70 bucks and want a wire transfer.You go on tradehill, pay fees just to sell the coins, then pay a $45 withdrawal fee to actually get the cash out.

You end up getting 25 bucks for 5 BTC, or $5 each. Maybe even less if your bank has fees for receiving wires, or ATM withdrawals etc., making your mining efforts essentially worthless.

Then don't do a wire transfer. Pick one of the many other, cheaper methods. Problem solved.

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